Northwest Fur Co. started 2021 with $100,000 of merchandise inventory on hand. During 2021, $420,000 in merchandise was purchased on account with credit terms of 2/15, n/45. All discounts were taken. Purchases were all made f.o.b. shipping point. Northwest paid freight charges of $9,500. Merchandise with an invoice amount of $4,500 was returned for credit. Cost of goods sold for the year was $363,000. Northwest uses a perpetual inventory system. What is ending inventory assuming Northwest uses the gross method to record purchases? Multiple Choice $162,000. $153,690. $153,630. $166,500